In a time when the domestic economy is in such trouble, many Americans are open to the idea of cutting foreign aid. Yet in many individual cases, most Americans would still support aid to one favored nation or another. Many wish the government would continue to send money abroad in the way they envision, whether to back allies or engage in humanitarian projects. Multinational security pacts and trade agreements are largely popular even when outright subsidies are not.
The truth is, foreign aid and international entanglements often hurt the majority of the population in both the giving and receiving country. Far from being an act of altruism, foreign aid is often a recipe for shoring up tyrannical governments abroad, fostering international conflict, or preventing foreign economies from developing sustainably on their own.
For the sake of the world’s peoples, as well as the beleaguered American taxpayer, it is time for a dispassionate analysis of foreign aid, international affairs, and the true sources of sustainable wealth abroad.
Learn more about Foreign Aid and International Affairs problems and solutions:
“U.S. Recognition Doesn’t Bode Well for Somalia”
Benjamin W. Powell (The Huffington Post) January 28, 2013
Alvaro Vargas Llosa; September 16, 2005
“Escaping Poverty: Foreign Aid, Private Property, and Economic Development”
Peter T. Leeson (Winning Templeton Fellowship Essay) October 10, 2007
“Did the United States Create Democracy in Germany?”
James L. Payne (The Independent Review) Fall 2006
“U.S. Assistance for Market Reforms: Foreign Aid Failures in Russia and the Former Soviet Bloc”
Janine R. Weddel (The Independent Review) Winter 2000
Making Poor Nations Rich: Entrepreneurship and the Process of Economic Development
Edited by Benjamin Powell
Lessons from the Poor: Triumph of the Entrepreneurial Spirit
Edited by Alvaro Vargas Llosa